Household Durables

Company Overview of Concepcion-Carrier Airconditioning Company

Company Overview

Concepcion-Carrier Airconditioning Company engages in manufacturing, distribution, and servicing of air conditioning products. The company was founded in 1998 and is based in Muntinlupa, Philippines. Concepcion-Carrier Airconditioning Company operates as a joint venture between Concepcion Industrial Corporation and Carrier Air Conditioning Philippines Inc.

Key Executives for Concepcion-Carrier Airconditioning Company

Concepcion-Carrier Airconditioning Company Key Developments

Concepcion-Carrier Airconditioning Company Provides Sales Guidance for the Year 2013

Jul 10 13

Concepcion-Carrier Airconditioning Company provided sales guidance for the year 2013. The company is expecting its sales to grow by double-digit levels in 2013 as more buildings and homes will need cooling solutions. The firm is estimating its sales to increase 15% to 16% from its 2012 figures of PHP 4.6 billion.

CCAC Mulls IPO

Jul 9 13

Concepcion-Carrier Airconditioning Company (CCAC) is also mulling a potential listing in the Philippine Stock Exchange, Raul Joseph Jojo A. Concepcion, Chief Executive Officer of CCAC, said. "We are exploring the possibility of doing an IPO (initial public offering) but right now there are no details yet as the option is being carefully studied," Concepcion said. He added it may not be Concepcion-Carrier that will be listed rather the mother firm Concepcion Industries, Inc.

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